Examples of Participating Dealer in a sentence
Upon receipt of a Creation Application from a Participating Dealer (acting for itself or its clients) during the Initial Offer Period, the Manager shall procure the creation of Shares for settlement on the Initial Issue Date.
Investors are therefore advised to consult with the relevant Participating Dealer on its requirements if they want a Participating Dealer to subscribe for Shares on their behalf.
Depending on the circumstances of each application, a detailed verification by the Manager, the Administrator, the Registrar, or the relevant Participating Dealer might not be required where: (a) the investor makes the payment from an account held in the investor’s name at a recognised financial institution; or(b) the application is made through a recognised intermediary.
A Participating Dealer may impose fees and charges in handling any creation request which would increase the cost of investment.
Investors are advised to check with the Participating Dealer as to the relevant timing deadlines and the client acceptance procedures and requirements.